CyPhy Works, a leading developer of advanced Unmanned Aerial Vehicles (UAVs), today announced the close of a $7 million financing round led by Lux Capital, with participation from General Catalyst Partners, Felicis Ventures and several undisclosed prominent angel investors.
CyPhy Works has developed a world-class technology platform of easy-to-operate flying robots for applications in the military, civil and commercial sectors. The company has so far announced two products on its platform: EASE (indoor hovering robot) and PARC(outdoor multicopter platform). As part of this funding round, CyPhy Works will expand its development and deployment of UAVs in surveying and situational awareness for commercial sectors such as agriculture, mining, construction, oil & gas, insurance, infrastructure, and others.
CyPhy Works is led by its founder and CEO Helen Greiner, who was also the co-founder, President and Chairman of iconic robotics innovator iRobot® (NASDAQ: IRBT). Since its founding in 1990, iRobot has become the global leader in mobile robots with the success of the Roomba® Vacuuming Robot and the PackBot® and SUGV Military Robots.